Newcastle takeover bid?
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Newcastle takeover bid?
They've been slowly buying shares in the club, now there's runours of a full takeover
At least its not some dodgy Russian or some ginger yank though
At least its not some dodgy Russian or some ginger yank though
Under a front page headline of "we will buy the toon" - "£150m bid on table in weeks", the Chronicle wrote on Friday that:
A transfer war chest of £25 million would be available if a Newcastle United takeover is a success.
Investors plotting a £150 million bid for the club, would make the cash available to the manager.
Jersey-based Belgravia Group are expected to make a formal offer within weeks after secretive talks.
A further £100m is being earmarked for investment into the club.
A source close to the deal said it was hoped a bid could be lodged in weeks.
They added: "It is no secret that Belgravia has been interested in Newcastle United for some time now.
"A healthy premium of around 50% is likely to be paid on the market value of the club so we are talking anywhere around £120m to £150m to buy Newcastle United.
"Belgravia have said all along they would put cash into the club, perhaps £50m or so to sure up the club's finances.
"That would mean regeneration of the area around St James' Park following the lead of the likes of Arsenal and Chelsea.
"And £25m to spend on players depending if the deal could be done before the winter transfer window."
United chairman Freddy Shepherd, pictured right, said: "If we receive a formal bid from anyone we will be duty bound to inform our shareholders.
"Everybody wants to buy this club."
It is believed Belgravia may be looking to build hotels or a casino attached to United that would create thousands of jobs.
It is this kind of investment Belgravia believes could strengthen the club's finances.
Newcastle is already one of seven cities bidding for a so-called super casino licence and Newcastle United-MGM Mirage is one of four operators who want to run it.
The club has promised a convention centre, hotel and leisure outlets as part of the £300m deal.
Belgravia have held talks for some time now with majority shareholder Sir John Hall and his son Douglas who have a combined 41% stake in Newcastle United.
A spokesman for Belgravia said: "We do not comment on press speculation and can neither confirm or deny these rumours."
Belgravia's interest in Newcastle was first revealed in August at which point the club's shares were 61p. Shares have now risen to 68p giving the club a market value of around £90m.
Belgravia is a private firm fronted by chairman Duncan Hickman.
The group has assets of more than £1bn and many different interests, including construction, hospitality, aviation and sports marketing.
This appears to be based on Thursday's piece in the Express:
Newcastle United were last night braced for a £235million takeover approach that would sweep out the current owners and include a property deal worth some £95m.
The Belgravia Group, based in Jersey but with addresses in London’s Mayfair and St Helier, were said to be ready to offer £140m to secure the club and its immediate future spending with the rest of the massive sum earmarked for buildings and businesses that would create up to 7,000 jobs.
A source close to Belgravia told the Daily Express: "Belgravia have been interested in Newcastle United for some time but made their move last Friday.
"It’s not at the stage where Newcastle have an offer to put to the Stock Exchange but the football club knows our thinking.
"We are talking about £140m for the club but there is also money for two hotels and a casino, although the offer is not conditional on permission to open a casino."
Belgravia and Polygon, an interested hedge fund, have been encouraged by knowing former chairman Sir John Hall and his son Douglas are willing to sell their majority stake of 41 per cent.
Chairman Freddy Shepherd, who owns close to 30 per cent, has been warding off bid speculation for six months and last night he was adamant that no bid had been made.
"Everybody wants to buy this club and they talk the talk but can they walk the walk?" he said. "There is no such thing as an informal offer. If they have made an approach it will be to Sir John Hall, whose people do the talking.
"If I had a proper offer to consider it would be put to all shareholders, large and small, and it has not happened."
When Belgravia first showed interest in August, the club’s shares were 61p. Last night they closed at 70p, valuing the company at £96.3m. And the value of those shares have virtually doubled during 2006.
Shepherd is all too aware of the market value of the club but believes it would take a lot more than that to buy it – while insisting he does not want to do business. There would have to be a dividend, he argues, and any notional sale would be in the region of £150m-£160m.
The head of the Belgravia Group is Duncan Hickman, who holds directorships with a number of public and private companies. He has a background of 20 years working for financial institutions primarily involved in offshore fund
management.
Hickman was a founding partner of the Liberty Ermitage Group where he played a key role in building a $2.5bn asset management group from start-up.
Prior to that he ran the Jersey operation of Fidelity Investments and started the fund of funds business for PricewaterhouseCoopers in Jersey.
I understand that other, un-named members of the Belgravia Group are driving the interest in Newcastle. And they are not doing it on behalf of wealthy, third-party clients. Belgravia are interested in running a major club themselves, a sign of the financial potential the sport now enjoys.
Shepherd could be forgiven for taking a fresh view on a takeover having had to bear the brunt of fans’ anger this season after a string of poor results in the Premiership.
New boss Glenn Roeder has delivered another season of European football – and results in the UEFA Cup have been good.
But the domestic slump has put the manager’s job on the line. Yet, for the first time in almost a generation, the fans have chosen not to blame the manager but have turned the heat on the chairman.
They trained their sights on Shepherd after Newcastle lost at home to Sheffield United this season – prompting him to call for the players to accept their share of blame and insisting there was no "Geordie Abramovich".
Yet, if push came to shove, it is debatable whether fans, who see the club at the heart of their ‘Geordie Nation’, would want St James’ to fall into the hands of relatively unknown businessmen.
Shepherd has had to take time out to care for his ill wife in recent weeks. But, publicly at least, his resolve to stay at the helm of the club he loves remains strong.
A transfer war chest of £25 million would be available if a Newcastle United takeover is a success.
Investors plotting a £150 million bid for the club, would make the cash available to the manager.
Jersey-based Belgravia Group are expected to make a formal offer within weeks after secretive talks.
A further £100m is being earmarked for investment into the club.
A source close to the deal said it was hoped a bid could be lodged in weeks.
They added: "It is no secret that Belgravia has been interested in Newcastle United for some time now.
"A healthy premium of around 50% is likely to be paid on the market value of the club so we are talking anywhere around £120m to £150m to buy Newcastle United.
"Belgravia have said all along they would put cash into the club, perhaps £50m or so to sure up the club's finances.
"That would mean regeneration of the area around St James' Park following the lead of the likes of Arsenal and Chelsea.
"And £25m to spend on players depending if the deal could be done before the winter transfer window."
United chairman Freddy Shepherd, pictured right, said: "If we receive a formal bid from anyone we will be duty bound to inform our shareholders.
"Everybody wants to buy this club."
It is believed Belgravia may be looking to build hotels or a casino attached to United that would create thousands of jobs.
It is this kind of investment Belgravia believes could strengthen the club's finances.
Newcastle is already one of seven cities bidding for a so-called super casino licence and Newcastle United-MGM Mirage is one of four operators who want to run it.
The club has promised a convention centre, hotel and leisure outlets as part of the £300m deal.
Belgravia have held talks for some time now with majority shareholder Sir John Hall and his son Douglas who have a combined 41% stake in Newcastle United.
A spokesman for Belgravia said: "We do not comment on press speculation and can neither confirm or deny these rumours."
Belgravia's interest in Newcastle was first revealed in August at which point the club's shares were 61p. Shares have now risen to 68p giving the club a market value of around £90m.
Belgravia is a private firm fronted by chairman Duncan Hickman.
The group has assets of more than £1bn and many different interests, including construction, hospitality, aviation and sports marketing.
This appears to be based on Thursday's piece in the Express:
Newcastle United were last night braced for a £235million takeover approach that would sweep out the current owners and include a property deal worth some £95m.
The Belgravia Group, based in Jersey but with addresses in London’s Mayfair and St Helier, were said to be ready to offer £140m to secure the club and its immediate future spending with the rest of the massive sum earmarked for buildings and businesses that would create up to 7,000 jobs.
A source close to Belgravia told the Daily Express: "Belgravia have been interested in Newcastle United for some time but made their move last Friday.
"It’s not at the stage where Newcastle have an offer to put to the Stock Exchange but the football club knows our thinking.
"We are talking about £140m for the club but there is also money for two hotels and a casino, although the offer is not conditional on permission to open a casino."
Belgravia and Polygon, an interested hedge fund, have been encouraged by knowing former chairman Sir John Hall and his son Douglas are willing to sell their majority stake of 41 per cent.
Chairman Freddy Shepherd, who owns close to 30 per cent, has been warding off bid speculation for six months and last night he was adamant that no bid had been made.
"Everybody wants to buy this club and they talk the talk but can they walk the walk?" he said. "There is no such thing as an informal offer. If they have made an approach it will be to Sir John Hall, whose people do the talking.
"If I had a proper offer to consider it would be put to all shareholders, large and small, and it has not happened."
When Belgravia first showed interest in August, the club’s shares were 61p. Last night they closed at 70p, valuing the company at £96.3m. And the value of those shares have virtually doubled during 2006.
Shepherd is all too aware of the market value of the club but believes it would take a lot more than that to buy it – while insisting he does not want to do business. There would have to be a dividend, he argues, and any notional sale would be in the region of £150m-£160m.
The head of the Belgravia Group is Duncan Hickman, who holds directorships with a number of public and private companies. He has a background of 20 years working for financial institutions primarily involved in offshore fund
management.
Hickman was a founding partner of the Liberty Ermitage Group where he played a key role in building a $2.5bn asset management group from start-up.
Prior to that he ran the Jersey operation of Fidelity Investments and started the fund of funds business for PricewaterhouseCoopers in Jersey.
I understand that other, un-named members of the Belgravia Group are driving the interest in Newcastle. And they are not doing it on behalf of wealthy, third-party clients. Belgravia are interested in running a major club themselves, a sign of the financial potential the sport now enjoys.
Shepherd could be forgiven for taking a fresh view on a takeover having had to bear the brunt of fans’ anger this season after a string of poor results in the Premiership.
New boss Glenn Roeder has delivered another season of European football – and results in the UEFA Cup have been good.
But the domestic slump has put the manager’s job on the line. Yet, for the first time in almost a generation, the fans have chosen not to blame the manager but have turned the heat on the chairman.
They trained their sights on Shepherd after Newcastle lost at home to Sheffield United this season – prompting him to call for the players to accept their share of blame and insisting there was no "Geordie Abramovich".
Yet, if push came to shove, it is debatable whether fans, who see the club at the heart of their ‘Geordie Nation’, would want St James’ to fall into the hands of relatively unknown businessmen.
Shepherd has had to take time out to care for his ill wife in recent weeks. But, publicly at least, his resolve to stay at the helm of the club he loves remains strong.
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It always perplexes me that we didn't go for O'Neill, but Roeder is doing the best with the virtual 2nd squad he's got.
Personally blame that fat cretin, Shepherd, he brought in Souness who was just a cancer eating away at the club
I'll give him till January before starting:
ROEDER OUT! campaign
Personally blame that fat cretin, Shepherd, he brought in Souness who was just a cancer eating away at the club
I'll give him till January before starting:
ROEDER OUT! campaign
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Originally Posted by kingofturds
Will see how they go against aresnal before I start screaming...
ROEDER OUT
ROEDER OUT
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I'll settle for draw at this point!
11 shots on target, 13 shots off by the ****.
1 shot on target (and a goal), 1 shot off by the Toon!
11 shots on target, 13 shots off by the ****.
1 shot on target (and a goal), 1 shot off by the Toon!
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Originally Posted by pauld37
A "transfer war chest of £25 million would be available" pitifull
I know, you know and everyone knows how bent Abramovich is
And Mourinho is simply a walking abortion!
#15
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Originally Posted by richiewong
At least if it happens the money won't be dirty and covered in the blood of the proles
I know, you know and everyone knows how bent Abramovich is
And Mourinho is simply a walking abortion!
I know, you know and everyone knows how bent Abramovich is
And Mourinho is simply a walking abortion!
Green eyed jealousy he is so bent the police are about to bang him up
And Roeder is simply a walking wet blanket
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Originally Posted by pauld37
Green eyed jealousy he is so bent the police are about to bang him up
And Roeder is simply a walking wet blanket
And Roeder is simply a walking wet blanket
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26 April 2022 11:15 PM